WTO Sharply Upgrades Forecast For Trade Growth In 2017

The World Trade Organization has revised sharply upward its forecast for world trade growth this year to 3.6 percent, citing "resurgence in Asian trade flows" and a rebound in North American import demand.

WTO had previously forecast a growth of 2.4 percent. The upturn compares to what the Geneva-based trade body called a "lackluster" performance of 1.3 percent growth last year.